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can be trusted given the trust deficit the polling suggests. can he be should the people believe him? >> first of all, let's start with health care. we are obviously in a period of transition. i think you will see a lot of bumps in the road as we move forward here. >> big bumps. >> the law will work. it's already started to increase. >> very low. there was only one direction the to go. >> a lot of them are 18 to 29. you were probably a straight a student and planned ahead before things were due. >> you keep that rolling. >> a lot of folks will get ready right before the deadline. that happened in massachusetts. >> get back to what i said. >> on the trust issue. you know, look. this isn't the first time the president is running on a big serious issue, on the auto bailout. people weren't happy about it. it was unpopular. on the bp oil spill. people called it obama's katrina. >> they think he lied. that's different from didn't handle it well, could have been better. >> same thing people said about bp. >> people think he lied about their health car
can be trusted given the trust deficit the polling suggests. can he be should the people believe him? >> first of all, let's start with health care. we are obviously in a period of transition. i think you will see a lot of bumps in the road as we move forward here. >> big bumps. >> the law will work. it's already started to increase. >> very low. there was only one direction the to go. >> a lot of them are 18 to 29. you were probably a straight a student and...
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i mean you look at this budget bill, it's not deficit reduction, there's no cuts in entitlements, there's no closing corporate loopholes. we're really just in a holding pattern here. >> lois romano, e.j. dough a jj thank you both. >>> if you read only one thing this morning, say it isn't so. the rules and regulations are out for the super bowl and partiers take note. no tailgating. now you can eat and drink in your car, you can stand outside your car if you stay within the lines of your parking space but that's it. and wait until you read what kinds of cars will and won't be allowed in the parking lot. it's my must read. it's up on our facebook page, where a common theme from you has been there's an easier way. mary barnett wrote why not a super bowl party at home and then you can eat and drink as much as you want? true enough. let us know what you think. head to facebook/jansingco. which rewards her for responsibly managing her card balance. before receiving $25 toward her balance each quarter for making more than her minimum payment on time each month. tracey got the bankamericard bette
i mean you look at this budget bill, it's not deficit reduction, there's no cuts in entitlements, there's no closing corporate loopholes. we're really just in a holding pattern here. >> lois romano, e.j. dough a jj thank you both. >>> if you read only one thing this morning, say it isn't so. the rules and regulations are out for the super bowl and partiers take note. no tailgating. now you can eat and drink in your car, you can stand outside your car if you stay within the lines...
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fiscally i don't know how they come up with something that wouldn't look like it would explode the deficit, that wouldn't look like it was going to expand government to basically abide by what boehner just said there, the cost could potentially be astronomical in some places. now, it could end up being that the president's health care law ends up costing a lot more than the experts have said, but for right now the best people we got, the congressional budget office insists it's not going to be that costly. it's hard for republicans to come up with something that will be as fiscally neutral and responsible as the law as it is written right now that the president has. >> it was like the speaker saying holding up four candy canes saying like all these? i'll give them to you. thank you chuck todd and clarence page. >>> up next, what's the explanation for this star wars inspired scene on the national mall here in washington? the sideshow's next. and this is "hardball," the place for politics. [ male announcer ] this duracell truck has some very special power. ♪ [ toys chattering ] it's filled
fiscally i don't know how they come up with something that wouldn't look like it would explode the deficit, that wouldn't look like it was going to expand government to basically abide by what boehner just said there, the cost could potentially be astronomical in some places. now, it could end up being that the president's health care law ends up costing a lot more than the experts have said, but for right now the best people we got, the congressional budget office insists it's not going to be...
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our next guest, oklahoma attorney general says if the challenge is successful, deficit spending could be reduced by $700 billion in the next decade he's here to explain it. oklahoma attorney general, scott pruitt. mr. attorney general, can you breakdown the law for us? >> good evening, sean. one of the things have you to recognize when congress pass add fordable care act, they recognized importance of the states in rolling out exchanges we see y they've not done a good job of it and knew they cannot commandeer or require the state to impose changes. the subsidy goes you through health care exchanges. 34 states came in and said no, irs said we'll fix that and says subsidies with exchanges. so our lawsuit is making sure the letter of the law is complied with >> but the law didn't say. that the law, in other words gave you the option, did it not? didn't say there would be penalties? >> right if there is no state health care insurance exchanges there are no subsidies. if there are no subsidies there are no penalties now, irs saying we're going assess the penalties whether state exchanges
our next guest, oklahoma attorney general says if the challenge is successful, deficit spending could be reduced by $700 billion in the next decade he's here to explain it. oklahoma attorney general, scott pruitt. mr. attorney general, can you breakdown the law for us? >> good evening, sean. one of the things have you to recognize when congress pass add fordable care act, they recognized importance of the states in rolling out exchanges we see y they've not done a good job of it and knew...
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reduce the federal work force, reducing the deficit. sort of the issues you traditionally run against a democrat on. he sort of co opted them and leaves republicans with little else. >> this is something i've been thinking about as a broader trend, not actually just with this president. but democrats really since clinton have adopted conservative values and conservative policies. health care being the obvious example. >> individual mandate. >> came out of the heritage institute. sprang out of hillary care in response to that. so, you know, i think that is in some ways part of the problem. what are you going to offer as your market-based solution to things like climate change when cap and trade is the market-based solution and you've already demonized that. what about when the affordable care act already is that and you have demonized it. i don't think they have anywhere to go to actually solve these problems anymore. >> yeah. i think the operative phrase there being what are you going to offer. >> exactly. >> all right. krystal ball, ja
reduce the federal work force, reducing the deficit. sort of the issues you traditionally run against a democrat on. he sort of co opted them and leaves republicans with little else. >> this is something i've been thinking about as a broader trend, not actually just with this president. but democrats really since clinton have adopted conservative values and conservative policies. health care being the obvious example. >> individual mandate. >> came out of the heritage...
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. >> he said it wouldn't add a dollar to the deficit. the insurance companies knew they would get this. bob, that's why i don't buy when anyone says it will collapse on its own weight, there will be a death spiral. no there won't, because they'll continue to pump money to support it. >> there was a tragic train wreck in new york and the conductor -- the driver lost his insurance because of obama care. and so i think, frankly, that there's a lot of things happening in america today that the problems over obama care. the weather, i mean, everything, it's going terrible. >> are you kidding me? >> the fact of the matter is that the thing is starting to work better and better. why go to the democrats with the proposal? the democrats have to run on it. they know they can't run against it. they voted for the thing. if this earpiece tweets one more time -- so they can't go up there and try to get around it. so they have to run on it. >> what about the bailout for the insurance companies? >> i would bail the insurance companies out if they were d
. >> he said it wouldn't add a dollar to the deficit. the insurance companies knew they would get this. bob, that's why i don't buy when anyone says it will collapse on its own weight, there will be a death spiral. no there won't, because they'll continue to pump money to support it. >> there was a tragic train wreck in new york and the conductor -- the driver lost his insurance because of obama care. and so i think, frankly, that there's a lot of things happening in america today...
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the trade deficit narrowed. new home sales were gangbusters. the ism services, little soft but still pretty good in the mid 50s. the fed beige book, pretty darn good. i'm not counting today's little -- this little three or four day thing, it's not a real question. why isn't good news good news? you look at these numbers and you could say to yourself, the economy is getting better. >> yeah, i think that in the end will be good news for the market, larry. in the meantime i think the market's saying, okay, if the news is good, maybe the fed tapers sooner rather than later. i'm not sure i like that so much. that's one explanation. i think another is, hey wait a minute, we're up a double digit percentage. we're up a lot in a short amount of time. we're discounting some good news. i'm tired. i'm going to take a rest. i think that's a bit what's going on here. >> protect your gains, that's what you're saying. >> here here. >> let me ask you this. okay. so you're janet yellen. you're going to be janet yellen tonight. you're coming in. i know she's not
the trade deficit narrowed. new home sales were gangbusters. the ism services, little soft but still pretty good in the mid 50s. the fed beige book, pretty darn good. i'm not counting today's little -- this little three or four day thing, it's not a real question. why isn't good news good news? you look at these numbers and you could say to yourself, the economy is getting better. >> yeah, i think that in the end will be good news for the market, larry. in the meantime i think the...
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i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all right. so there you have it. a major, major deal, words you don't often here in washington, d.c. right now. compromise. and as you heard paul ryan say, a step in the right drink, although there will be plenty of conservatives who won't be happy with this deal. there will be some liberals who won't be happy with it as well. it's still got to pass the house of representatives, pass the senate, go to the president for his signature. if it passes, there will not be a government shutdown in january. we'll be ri
i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going...
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you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way instead of bankruptcy. >> when you look at the number of bills passed by the house and the paltry number of bills passed by the senate you can see where the problem is. >> yes, we can. and we'll talk about it next. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confid
you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way instead of bankruptcy. >> when you look at the number of...
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budget deficit $380 million. 17.7% unemployment rate and a quarter of a million people have dropped from the population and down to 700,000 people today. matt, obviously no one wants to see the pensioners who have been used to living on a concern check get less, but it doesn't seem like there is any choices here other than that. >> i don't think anybody wants to see something relying on the pension check to pay their mortgage or food on table, but at the same time, i don't know where the money is coming from. the for ever cents detroit is bringing in 45 cents is going toward debt and it is going to go up to 60 cents they say. >> we have seen this across the county where public unions have cut deals with the government. they are i scratch your back you scratch mine. and that is how this ballooned into this situation where they made promises they can not keep. >> a lot of deals took place a long time ago. but you are running out ouf mof money. detroit, for example, has twice as many pensioners as they do employers in the city. it comes done to math. you have to bring in x-amount of dollars
budget deficit $380 million. 17.7% unemployment rate and a quarter of a million people have dropped from the population and down to 700,000 people today. matt, obviously no one wants to see the pensioners who have been used to living on a concern check get less, but it doesn't seem like there is any choices here other than that. >> i don't think anybody wants to see something relying on the pension check to pay their mortgage or food on table, but at the same time, i don't know where the...
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you might remember him from the big deficit reduction in 2010. he was part of that and he killed it. also the big bipartisan gang of six. he was part of that ena he killed it. he was about part of the grand bargain in 2011 which was killed by paul ryan. so yes, patty murray and paul ryan are reportedly close to a deal that would kill the sequester, get us a budget, and all sorts of reasonable things that everybody in washington says they want. paul ryan's history of working on deals like this is he likes to be seen working on them before he breaks free and calls them impure and kills what he helped to negotiate. i'm not getting excited about this yet. initial reports are positive, long term prospects are dim. even the babiest of babe steps are steps. in a year like this one, a congress like this one, the most meager signs of progress must be nurtured. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, all with the ah, tap of my geico app. oh, that's so
you might remember him from the big deficit reduction in 2010. he was part of that and he killed it. also the big bipartisan gang of six. he was part of that ena he killed it. he was about part of the grand bargain in 2011 which was killed by paul ryan. so yes, patty murray and paul ryan are reportedly close to a deal that would kill the sequester, get us a budget, and all sorts of reasonable things that everybody in washington says they want. paul ryan's history of working on deals like this...
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and you see the great deficit in those remarks by the speaker that the congressional wing of the republican party has in the eyes of the american people, absolutely bereft of ideas. i'm not a fan of the affordable care act, but my party has no solutions to deal with what's a real issue. no working person in this country, for example, should lose their house, go bankrupt, because their kid breaks their leg or their spouse gets leukemia, so republicans, who were once the party of ideas, during the regan era, through the 1990s along with president clinton, we have collapsed as far as our ability to be policy entrepreneurs. that's the great challenge if we're to be successful in 2016, to have candidates to break away, put forward ideas about economic growth, health care, and ideas that americans are focused on. >> jonathan, you wrote a great piece today about the republican party basically being dead to the ideas. the thing that strikes me about the video that we saw, it's one thing for john boehner to not really have any health care proposal and rattle off platitudes about the way health care
and you see the great deficit in those remarks by the speaker that the congressional wing of the republican party has in the eyes of the american people, absolutely bereft of ideas. i'm not a fan of the affordable care act, but my party has no solutions to deal with what's a real issue. no working person in this country, for example, should lose their house, go bankrupt, because their kid breaks their leg or their spouse gets leukemia, so republicans, who were once the party of ideas, during...
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i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point you number one. point number two, there are no tax increases here. point number try, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. >> so congressman, democrats are giving up some stuff in this. is paul ryan wrong that what are you getting is not enough to push you over the edge with this bill? >> we are a little disadvantaged, we haven't seen the full details. but as i understand it, spending will be up higher. but this isn't an unprecedented deal. this happened in december 2011 and it happened last december as well. every time there's some bipartisan agreement, there's more spending in washington. they did the same thing each december, and i think at the end of the day as was indicated by senator rubio, this doesn't get to the heart of the problem which is spending. moving it a few dollars is
i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point you number one. point number two, there are no tax increases here. point number try, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. >> so congressman, democrats are giving up some stuff in this. is paul ryan wrong that what are you getting is not enough to push...
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we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened to all the money we have already allocated, not only through the gas tax but states, municipalities and surcharges and -- where has that money gone. >> look around you and see in every community. we have had a dramatic reduction in the amount of money that has been available over the course of the last ten years. as i say, you haven't raised the gas tax in 20 years. >> but we have more gas revenue coming in because more people are driving and just demand -- >> that's not the case. >> is there a way to assure this in a lock box so it's intend for just that purpose? we do have a lot of other means by which we raise money to help our infrastructure, and our infrastructure still sucks. >> first of all, if you
we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened to all the money we have already allocated, not only through the gas tax but states, municipalities and surcharges...
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we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right around the corner. and dom on straight the value in making our government work for the people we represent. so when all of this is done, i am very proud to stand with chairman ryan or anyone else who wants to work on this bipartisan foundation to continue addressing our nation's challenges. nothing is easy here but i know the american people expect nothing less. i want to take a minute to especially change chairman ryan. he and i do have some major differences. we cheer for a different football team. clearly. we catch different fish. we have some differences on policies. but we agree that our country
we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right...
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fiscal deficit. >> david, rapidly shrinking, the deficit is going down. $17 trilli $17 trillion debt and a deficit higher than the one he received from his predecessor? >> the debt is higher. we would be in much better economic shape and young people would have better job opportunities if we weren't shrinking so fast. we have gone from 10%, basically what he inherited down to 4% of the economy and on the way down to 2% by the end of the president's term. if he were not to doing this about spending and we were invest can in the future, in education, research, we are seeing american research going to china and we are not spending tax dollars on basic research, which corporations don't do. >> that's always been done by government. so, neither the finding about young people is surprising, nor is the president's focus. yeah, we have brought down the deficit is what he is saying, significantly, 90% of americans seem to be unaware of this. million americans receiving disability benefits. 47 million on food stamps? >> yeah. >> torn in 4 million on long-term, getting unemployment benefits. th
fiscal deficit. >> david, rapidly shrinking, the deficit is going down. $17 trilli $17 trillion debt and a deficit higher than the one he received from his predecessor? >> the debt is higher. we would be in much better economic shape and young people would have better job opportunities if we weren't shrinking so fast. we have gone from 10%, basically what he inherited down to 4% of the economy and on the way down to 2% by the end of the president's term. if he were not to doing this...
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it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound really good. a lot of people are just giving up and stopping looking for jobs. they're going on disability. the dependency on government has absolutely ballooned until this quote/unquote recovery. i think folks in your camp want more dependence on government, yes? >> no, we want jobs. >> but how dots there? >> in fact you follow the president's agenda, which has created 45 straight months of job growth. that is going the right direction. >> it's not fast en
it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin...
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. >> congressional budget office estimates the law will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican party's renewed political life. >> i know that everything is not going to change in a year. but if we don't start now we're not going to have anymore success in four years, eight years or 12 years. >> joining me now back in this reality, is the president of the national council. based on the surprising staffing choice, janet, this staffing choice, staffing choice of members of congress don't normally make news, but this one did. it got tons of attention, the senators tweeting congratulations. why all the hubub about a staffer? >> well, i think it is important, as somebody who worked on capitol hill, i understand how import
. >> congressional budget office estimates the law will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican...
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reserve pays for the bonds that the united states issues, same as all the other hundreds of dollars of deficit. we're living in a play money world already. so we'll live in an obama play money world a little more. look, we had a good plan under mr. nixon. what would nixon do about this, what would he do about that? we're going to take a little percentage. we're not going to screw up their insurance policies of those who do have -- the small percentage who can't afford it, we'll give them checks and not have a huge government bureaucracy to handle it. go to your iurance agent, buy the policy. bang, that's it. write you a check. it's done. >> ben stein, thanks so much for being with us tonight. >> that's it? >> that's it, ben. >> that's it? >> unls you're going to write the check, that's it. it's good to see you. >> all right. nice to see you. a registered nurse now joins us, who happened to be married to a doctor and who is now in her second term as a congresswoman. all right, congresswoman, can obama care be fixed? >> no, it can't. it's fundamentally flawed. >> why? >> we've heard the promises
reserve pays for the bonds that the united states issues, same as all the other hundreds of dollars of deficit. we're living in a play money world already. so we'll live in an obama play money world a little more. look, we had a good plan under mr. nixon. what would nixon do about this, what would he do about that? we're going to take a little percentage. we're not going to screw up their insurance policies of those who do have -- the small percentage who can't afford it, we'll give them checks...
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but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough political decisions. if the president had early on taken the bull sense proposal which is deficit reduction group that he had appointed and headed from the state of the union message okay they've given us this proposal. congress, go to work on it and get me a budget by july, six months from now. early in his career as president it might have changed the paradigm. >> one thing that was in the congressional in-box, you're going to tell us, may not be there any more. have they come to an agreement on the military appropriations. >> they have the national defense authorization has come an agreement. they announced they're going to fast track it to get it done before the house leaves at the
but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough political decisions. if the president had early on taken the bull sense proposal which is deficit reduction group that he had appointed...
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it's the moral and religious and spiritual deficit we have to work on. but let's not damage the economy in the process. i'm kudlow. we'll have more on this later. '. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy effici
it's the moral and religious and spiritual deficit we have to work on. but let's not damage the economy in the process. i'm kudlow. we'll have more on this later. '. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs...
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Dec 3, 2013
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there was a $330 million accumulated deficit over time. we had $18 billion overhang. so we were never able to go out and increase revenue. so the only way that we stayed alive, quite frankly, is through cuts. you know, we cut everything that we could. unless there is more investment coming into the city and a new stream of revenue, there was no way to fix the problem. so now with bankruptcy imminent, i think debt off of the balance sheet would be less than it is today and that's going to be a positive on a going forward basis. >> a lot to go around, any particular issue or person? >> i don't look at blame as anything that's going to be helpful at this point in time. i want to concentrate on the glass being half full as opposed to half empty and say all of us, those of us who live in the city, who work in the city, who care about this, need to come to the table to see what positive impetus we can bring with us. >> any plans to do anything to step up the collection of property taxes to bring in more revenue to the city? >> property taxes are being collected as we speak.
there was a $330 million accumulated deficit over time. we had $18 billion overhang. so we were never able to go out and increase revenue. so the only way that we stayed alive, quite frankly, is through cuts. you know, we cut everything that we could. unless there is more investment coming into the city and a new stream of revenue, there was no way to fix the problem. so now with bankruptcy imminent, i think debt off of the balance sheet would be less than it is today and that's going to be a...
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Dec 10, 2013
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more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with autopilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done one is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything she wants. [ inaudible question ] i think conservatives should vote for it. i expect we will have a healthy vote. i think we will pass this through the house. we're going to go first given our schedules. we will post this on our website this evening and we intend to bring it to the house floor later on this week. i have every reason to expect great support from our caucus because we are keeping our principles. the key here is nobody had to sacrifice their core principles. our principles are don't raise taxes, reduce the deficit. we also hav
more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with autopilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done one is because it's not easy to do. so we know we're not going to get...
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was one who pulled it was two hundred deficit will for what it was when bush razi zero it went from zero zero under all the way up to one hundred zero under bill clinton yes and during that went from zero flowed way up to four hundred what did he go to under the bush on the obama administration all the way to one point three trillion and by year's sitting in a row that was that was there a limit on what is the hill your number five is going to be you still haven't addressed my bill williams. the republicans not only are doing it but bragging about doing it that they are trying to destroy this president so i don't recall democrats and probably way that's because you have selective memory is like you know what i haven't heard from chris yet so you know what that. i don't know how often your viewers or you actually listen to conservative talk radio or conservative t.v. but we have been very clear that we are opposed to his ideas and not him as an individual but that we oppose things like government takeover of one sixth of our economy we are opposed to a president you know saying i can
was one who pulled it was two hundred deficit will for what it was when bush razi zero it went from zero zero under all the way up to one hundred zero under bill clinton yes and during that went from zero flowed way up to four hundred what did he go to under the bush on the obama administration all the way to one point three trillion and by year's sitting in a row that was that was there a limit on what is the hill your number five is going to be you still haven't addressed my bill williams....
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seventy four percent down to twenty eight percent here but the thing is and exploded the deficit it's only happening in luxor is what they have been over twelve percent unemployment rate so we're talking about highly distressed areas wouldn't you like to see tax cuts go at least to those areas where people are hurting the most where unemployment is the highest tax cuts that have not worked so we've got a policy that for thirty two years we've tried over and over and over again every time we try it it makes things worse and you say oh yes let's do more of that in the places where people are hurting the worst seriously what you want you want poor people in the zone's to pay one point three billion dollars more in taxes over the next ten years you don't want to give these people some sort of really mean income taxes. people at our poverty lot of the united states are paying a portion of income taxes and i think that lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandator
seventy four percent down to twenty eight percent here but the thing is and exploded the deficit it's only happening in luxor is what they have been over twelve percent unemployment rate so we're talking about highly distressed areas wouldn't you like to see tax cuts go at least to those areas where people are hurting the most where unemployment is the highest tax cuts that have not worked so we've got a policy that for thirty two years we've tried over and over and over again every time we try...
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Dec 10, 2013
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trade deficit as bloated. since nafta and wto we've lost over 5 million of our manufacturing jobs from a 40,000 factories gone, and real wages down across the economy. in fact, true honesty, our exports rose to countries we do not have fast-track trade agreements with, actually 38 percent higher than those with which we do. myth number three, every president since roosevelt has said tpa. morning, trick, acronym. tpa also is an acronym for trade promotion authority, a cynical renaming a fast track, but it is also the reciprocal tariff act is called trade promotion the tory. and that is a mechanism president roosevelt had that only pertained to tariffs. the estimate is true, from 1934 the reciprocal tariff act had tariff, proclamation a story, tpa. a totally different thing than what equals fast track. true. a handful of president since nixon have had fast track. for the politics, the question is will this house of representatives give president obama this extraordinary authority to push through the trans pacifi
trade deficit as bloated. since nafta and wto we've lost over 5 million of our manufacturing jobs from a 40,000 factories gone, and real wages down across the economy. in fact, true honesty, our exports rose to countries we do not have fast-track trade agreements with, actually 38 percent higher than those with which we do. myth number three, every president since roosevelt has said tpa. morning, trick, acronym. tpa also is an acronym for trade promotion authority, a cynical renaming a fast...
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Dec 9, 2013
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the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. caller: reducing some of the so sex expenses of means testing -- of the social security's of means testing. 50,000, and increasing the social security age by one year. thank you. guest: i think that sounds like a pretty good plan. i would vote for it. i think the long-term problems of social security have to be addressed by some combination of reduced benefits and that does not mean reduced absolute benefits, and new revenue. i think the combination you probably is where thin
the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is...
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revenues there were that ten to twenty percent benefit increase would pay for itself and reduce the deficit so ignore it. the so called moderate talking points the solution to our retirement crisis is clear we just need to take a listen to warren's proposal to expand social security and crank it up a few notches but not everyone wants to help seniors and rebuild the economy i'm joined now by but jack burkman g.o.p. strategist and host of behind the curtain jack one of the great pleasure to be with you so always so what's your what's the republican alternative to social security well there's a word for what you're describing with retirement age at age fifty five it's called france it's called italy it's called germany and these models are failing if anything the retirement age should be seventy five years which you surely has this once is arguably the strongest economy on earth average industrial wage in germany's fifty four dollars an hour i guess if you're white you think why are people with all of the wealth in this country why would anyone else has half the poverty rate we do get half th
revenues there were that ten to twenty percent benefit increase would pay for itself and reduce the deficit so ignore it. the so called moderate talking points the solution to our retirement crisis is clear we just need to take a listen to warren's proposal to expand social security and crank it up a few notches but not everyone wants to help seniors and rebuild the economy i'm joined now by but jack burkman g.o.p. strategist and host of behind the curtain jack one of the great pleasure to be...
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george was one who pulled it was two hundred a deficit with flora what it was when bush rocks zero it went from zero zero under all the way up to one hundred zero under bill clinton yes i can dream that went from zero followed way up to four hundred what did it go to under the bush and obama administration all the way to one point three trillion and by and they're sitting in a row that was that was there a limit on what is the hill your number five is going to be you still haven't addressed why billion dollars of the republicans not only are doing it but bragging about doing it that they are trying to destroy this president so i don't recall democrats and probably way that's because you have selective memory is like you know what i haven't heard from chris here so you know what that. i don't know how often your viewers or you actually listen to conservative talk radio or conservative t.v. but we have been very clear that we are opposed to his ideas and not him as an individual but that we oppose things like government takeover of one sixth of our economy we are opposed to a president
george was one who pulled it was two hundred a deficit with flora what it was when bush rocks zero it went from zero zero under all the way up to one hundred zero under bill clinton yes i can dream that went from zero followed way up to four hundred what did it go to under the bush and obama administration all the way to one point three trillion and by and they're sitting in a row that was that was there a limit on what is the hill your number five is going to be you still haven't addressed why...
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Dec 9, 2013
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the deficit cannot be cured by these big spending programs like health care, etc. and in my opinion, it sounds a lot like -- [inaudible] >> guest: i didn't get that, but -- >> host: all right, let us take a question from twitter. please explain why federal government has co-mingled social security and medicare with general budget funded by different systems. >> guest: well, social security is funded by a payroll tax, and part of ped care is funded by the payroll tax. the money is accounted for separately, but it is all part of the federal government. social security is, after all, a federal government program. the tax is a federal tax, and the benefits come out of the treasury. so, you know, it is important to account for it separately since we have a dedicated payroll tax for that purpose. but it is, you're, ideally -- you know, ideally we should be balancing the -- balance the budget at the moment, but ideally it would be good if we could say social security was completely off budget. and technically speaking, it is off budget. but as i said, it's money that come
the deficit cannot be cured by these big spending programs like health care, etc. and in my opinion, it sounds a lot like -- [inaudible] >> guest: i didn't get that, but -- >> host: all right, let us take a question from twitter. please explain why federal government has co-mingled social security and medicare with general budget funded by different systems. >> guest: well, social security is funded by a payroll tax, and part of ped care is funded by the payroll tax. the money...
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Dec 5, 2013
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. >>> president obama declaring an end to the war on budget deficits and pledging to fight the deficit of opportunity for the poor and middle class. in a speech wednesday on his economic priorities, the president said the federal deficit is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that we're going to have greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty and that is why it's well past the time to raise a minimum wage that in real terms right now is below it was than when harry truman was in office. >> republican leaders quickly took issue with the president's poach. house speaker john boehner suggesting the president's policies created the very problems that he described. >> meanwhile republicans and d
. >>> president obama declaring an end to the war on budget deficits and pledging to fight the deficit of opportunity for the poor and middle class. in a speech wednesday on his economic priorities, the president said the federal deficit is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that...
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much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that is a reflection of the population at large but down 11% since just this spring. and john earlier the president did some work to shore up the forecast, the so-called -- shore up the rveght affordable care a% of millennials disapprove of the affordable care act. have no plans to sign up. that's disappointing news. >> the numbers behind inequality could be surprising for many. jonathan betz has a closer look at what the president says is an economic inequality gap. >> simply put the poor are getting poorer and the rich are getting richer. first off, what does this mean? the median income for an american househo
much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that...
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Dec 7, 2013
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. >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no interest in stag nateing wages. mr. obama i'm sorry to say bought into that diversion. now, however, he is moving on. isaac, do you share that reading that paul had, two, three years ago, everybody in washington was old souls on a deficit reduction including the president, himself, now even president obama is showing publicly an inclination to show that warren style populism. >> i think the rhetoric has changed. just to go back to the last seg him, jonathan was saying the tea party has people in washington. there is elizabeth warren. i think if it's going to come, it's going to to him in the next few year
. >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no...
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i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our princ
i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were...
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Dec 5, 2013
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fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools that graduate more kids with the technical training and apprenticeships, and in-demand, high-tech skills that can lead directly to a good job and a middle-class life. we know it's harder to find a job today without some higher education, so we've helped more students go to college with grants and loans that go farther than before. we've made it more practical to repay those loans. and today, more students are graduating from college than ever before. we're also pursuing an aggressive strategy to promote innovat
fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools...
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isn't cutting one penny out of every line item to pay the deficit making sense? isn't lessening our dependence on foreign oil a simple answer? >> i don't think anybody in washington is looking for an answer. there are some, but they are in the minority. in the minority, the great minority in the republican party that are actually looking for answers. the longer we go the more simple but the less easy the answers become. >> we have to take a break. much more with glenn beck after the break. later tonight this father was told that his 18-month-old daughter would not be covered under his family plan and he had to get the toddler insurance. this was new insurance. he's paying more and can't keep his doctor. now he needs two plans for the family. this incredible obama care horror story when we come back. plus we'll check in with ainsley earhardt. she's monitoring health care.gov and facebook tonight for you to see if it is actually fixed straight ahead. >>> welcome back to "hannity." i need you. i feel so alone. but you're not alone. i knew you'd come. like i could st
isn't cutting one penny out of every line item to pay the deficit making sense? isn't lessening our dependence on foreign oil a simple answer? >> i don't think anybody in washington is looking for an answer. there are some, but they are in the minority. in the minority, the great minority in the republican party that are actually looking for answers. the longer we go the more simple but the less easy the answers become. >> we have to take a break. much more with glenn beck after the...
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sitting members of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his one-time fiance 50,000 large even though the man claims he never officially popped the question. you can read more by heading to thomas roberts facebook page. you've got to put a ring on it, nice tune. we'll be right back. ♪ if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to b
sitting members of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his...
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Dec 4, 2013
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the trade deficit shrank in october, fall 5.4%, as u.s. exports hit a record high on increased global demand. the housing market showing signs of recovery. new home sales jumped 25.4% in october. that's the biggest gain in more than 33 years. that's your cnbc first in business worldwide. e you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. get the best offers of the season now. lease this 2014 srx for around $369 a month with premium care maintenance included. ♪ now covergirl trublend chas the perfect blend. for 99% of all women. new shades and a formula that blends in, won't build up for a flawless nude look. trublend from easy breezy beautiful covergirl. >>> if republicans have concrete plans that will actually reduce i
the trade deficit shrank in october, fall 5.4%, as u.s. exports hit a record high on increased global demand. the housing market showing signs of recovery. new home sales jumped 25.4% in october. that's the biggest gain in more than 33 years. that's your cnbc first in business worldwide. e you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ stacy's mom has got it goin' on ♪...
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it doesn't have a lot of opposition, wouldn't add a dime to the deficit and congress should waste no time in enacting get. ashley: the problem is congress is embroiled in these budget battles that get pushed back two or three month. could this get lost in the shuffle as they deal with a bigger budget? >> we are hopeful that because this has such strong public support it has bipartisan support which is increasingly rare these days. we are hopeful that congress will take it up but it could get lost in the shuffle. ashley: this is a huge hit economy, any numbers over the last year 700,000 yorker's saved $330 million for this benefit. if they lose, that is money taken out of people's pockets and that has to hurt the economy. >> exactly right. this benefit is also good for businesses. people take transit to work save their employers through this tax benefit $300 million in 2010 alone. and letting just the transit portion of this benefit be cut in half, creates an unlevel playing field. if you are a business where a large number of your employees takes public transit to work you are at a d
it doesn't have a lot of opposition, wouldn't add a dime to the deficit and congress should waste no time in enacting get. ashley: the problem is congress is embroiled in these budget battles that get pushed back two or three month. could this get lost in the shuffle as they deal with a bigger budget? >> we are hopeful that because this has such strong public support it has bipartisan support which is increasingly rare these days. we are hopeful that congress will take it up but it could...
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Dec 4, 2013
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fiscal deficit. [ applause ] so that's step one towards restoring mobility. making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today. so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools that graduate more kids with the technical training and apprenticeships and in-demand high-tech skills that can lead to a good job and a middle-class life. we know it's harder to find a job today without some higher education, so we've helped more students go to college with grants and loans that go farther than before. we've made it more practical to repay those loans and today more students are graduating from college than ever before. we're also pursuing an aggressive strategy to promote innovation that reins in tuition cost. we have a lower cost so young people ar
fiscal deficit. [ applause ] so that's step one towards restoring mobility. making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today. so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high...
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Dec 6, 2013
12/13
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working class people don't care about the deficit, they don't care about ending abortion. they need a paycheck so they can support their family. and to listen to republican politicians and the talking heads at fox news bad mouth working class people, come on. we already know that the republican party is the party of mitt romney. could care less about anybody less than $250,000. for the president to come out and make this speech is extremely wise politics, because it's what people care about and that's how you win elections. >> he's got to stay on it. the democrats have got to stay on it. i think this is a winning issue. mike, how do you get the republicans to get into this discussion? the president talked about that earlier this week. you know, the big elephant in the room is the other party that obviously has no plan, that obstructs everything. but we have to engage in this discussion. i mean, it would seem to me that people who go to town huh meetings with republican representation just take the vulture chart there. and say what's your remedy for this? what do you have o
working class people don't care about the deficit, they don't care about ending abortion. they need a paycheck so they can support their family. and to listen to republican politicians and the talking heads at fox news bad mouth working class people, come on. we already know that the republican party is the party of mitt romney. could care less about anybody less than $250,000. for the president to come out and make this speech is extremely wise politics, because it's what people care about and...
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since 1994, america has accumulated a $10 trillion trade deficit. >> and hats off to leo gerard and the steel workers for fighting those cheater and winning at the international level. keep up the fight. >> all right. gentlemen, great to have you with us tonight. thanks for your time on "the ed show." appreciate it. remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter at ed show and on facebook. we always like to know what you think. >>> coming up, a colorful depiction of tea party senator, ted cruz. >>> plus, conservative media adds fuel to its anti obama care fire. stay with us. [ male announcer ] this duracell truck has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. every day we're working to wand to keep our commitments.s? and we've made a big commitment to america. bp supp
since 1994, america has accumulated a $10 trillion trade deficit. >> and hats off to leo gerard and the steel workers for fighting those cheater and winning at the international level. keep up the fight. >> all right. gentlemen, great to have you with us tonight. thanks for your time on "the ed show." appreciate it. remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter at ed show and on facebook. we always like to know what you...